Avalon Technologies: Promoter Seeks Reclassification to Public

Avalon Technologies Limited has received a request from Mr. Bhaskar Srinivasan, a promoter, to be reclassified from the 'Promoter' category to the 'Public' shareholder category. The request also includes reclassifying promoter group trusts (BBS Family Trust, KBS Family Trust, Dolphin Family Trust) to the 'Public' category. Collectively, Mr. Srinivasan and these trusts hold 9.42% of the company's shares. They have stated they do not exercise control or hold significant voting rights. The Board of Directors will consider this request at their upcoming meeting on November 12, 2026.